Italy - Net incurrence of liabilities
Net incurrence of liabilities, total (current LCU)
The value for Net incurrence of liabilities, total (current LCU) in Italy was 64,278,740,000 as of 1991. As the graph below shows, over the past 15 years this indicator reached a maximum value of 64,278,740,000 in 1991 and a minimum value of 8,612,435,000 in 1976.
Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1976 | 8,612,435,000 |
| 1977 | 11,536,610,000 |
| 1978 | 15,389,900,000 |
| 1979 | 9,849,866,000 |
| 1980 | 13,284,820,000 |
| 1981 | 26,052,150,000 |
| 1984 | 39,220,250,000 |
| 1985 | 63,263,390,000 |
| 1986 | 51,033,690,000 |
| 1987 | 48,017,580,000 |
| 1988 | 52,344,460,000 |
| 1991 | 64,278,740,000 |
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in Italy was 8.05 as of 1991. Its highest value over the past 15 years was 14.19 in 1985, while its lowest value was 5.83 in 1979.
Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1976 | 8.92 |
| 1977 | 9.83 |
| 1978 | 11.14 |
| 1979 | 5.83 |
| 1980 | 6.29 |
| 1981 | 10.30 |
| 1984 | 9.87 |
| 1985 | 14.19 |
| 1986 | 10.35 |
| 1987 | 8.90 |
| 1988 | 8.73 |
| 1991 | 8.05 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
